Capricorn Energy (LON:CNE) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.36 ($2.75) and traded as high as GBX 329.50 ($4.01). Capricorn Energy shares last traded at GBX 327 ($3.98), with a volume of 50,449 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.16) price target on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Price Performance

The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The stock’s fifty day moving average price is GBX 269.70 and its 200-day moving average price is GBX 229.55. The firm has a market cap of £230.77 million, a PE ratio of -767.44, a P/E/G ratio of -1.92 and a beta of 1.35.

About Capricorn Energy